Analysts forecast that Shenandoah Telecommunications (NASDAQ:SHEN) will post $0.04 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Shenandoah Telecommunications’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.05. Shenandoah Telecommunications posted earnings per share of $0.13 during the same quarter last year, which indicates a negative year over year growth rate of 69.2%. The firm is expected to report its next earnings results on Monday, March 19th.
According to Zacks, analysts expect that Shenandoah Telecommunications will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.15 to $0.16. For the next fiscal year, analysts forecast that the firm will post earnings of $0.37 per share, with EPS estimates ranging from $0.36 to $0.37. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Shenandoah Telecommunications.
A number of brokerages have recently issued reports on SHEN. BidaskClub lowered Shenandoah Telecommunications from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. TheStreet lowered Shenandoah Telecommunications from a “b-” rating to a “c+” rating in a research report on Friday, November 10th. Zacks Investment Research lowered Shenandoah Telecommunications from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. Finally, BWS Financial set a $50.00 target price on Shenandoah Telecommunications and gave the company a “buy” rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Shenandoah Telecommunications has an average rating of “Hold” and a consensus price target of $50.00.
Shares of Shenandoah Telecommunications (SHEN) remained flat at $$32.80 during trading hours on Monday. 128,100 shares of the company traded hands, compared to its average volume of 105,746. Shenandoah Telecommunications has a fifty-two week low of $25.50 and a fifty-two week high of $41.80. The stock has a market cap of $1,615.88, a PE ratio of 131.20 and a beta of 0.71. The company has a current ratio of 1.34, a quick ratio of 1.28 and a debt-to-equity ratio of 2.60.
COPYRIGHT VIOLATION WARNING: “$0.04 Earnings Per Share Expected for Shenandoah Telecommunications (SHEN) This Quarter” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/3230446/0-04-earnings-per-share-expected-for-shenandoah-telecommunications-shen-this-quarter.html.
Shenandoah Telecommunications Company Profile
Shenandoah Telecommunications Company is a telecommunications holding company. The Company’s segments are Wireless, Cable, Wireline and Other. The Company, through its operating subsidiaries, provides both regulated and unregulated telecommunications services to end user customers and other telecommunications providers in Virginia, West Virginia, central Pennsylvania, western Maryland, and portions of Kentucky and Ohio.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Shenandoah Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shenandoah Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.